According to The Wall Street Journal (WSJ), Cisco has started a new round of layoffs in the face of slowing sales due to global economic headwinds. The WSJ report said Cisco, which has about 75,000 employees, declined to say how many employees would lose their jobs or what areas of Cisco would be impacted.
“This is part of an ongoing process of aligning our investments and resources to meet the evolving needs of our customers and partners,” Cisco said in an email statement to FierceTelecom. “Our continued focus is on transforming Cisco and driving the innovation that will secure the long-term, profitable growth of the business. We will always offer our full support to impacted employees.”
In previous earnings calls, Cisco CEO Chuck Robbins has downplayed the significance of the trade tariff wars with China, and said that while Cisco didn’t have a large presence there, it had factored a China slowdown into its guidance.